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Jul 2, 2011
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>> tom, you made the case of why to big to fail is a problem. but in talking about how you discourage or stop it, at least in the oral remarks you put emphasis on bringing back glass-steagall. what about size caps? if you are worried about size, that is the most direct way and you could argue well, even with glass-steagall you could get mergers, very large institutions, $2 trillion. they could lose their money on cni loans rather than investment banking. what about size katz, 3% to 4% of gdp, and that half a dozen u.s. institutions would be already above the cap and would have to come down over some period. you also have much bigger capital surcharges than what was agreed to over the weekend. that would be another way to i am just curious as to why he chose the glass-steagall route as opposed to the other routes for discouraging to big to fail? >> we did it and think about size. but part of what we thought about its size it isn't really the factory -- it is one of the factors, but not the primary factor. it is the nature of the risk -- whether y
>> tom, you made the case of why to big to fail is a problem. but in talking about how you discourage or stop it, at least in the oral remarks you put emphasis on bringing back glass-steagall. what about size caps? if you are worried about size, that is the most direct way and you could argue well, even with glass-steagall you could get mergers, very large institutions, $2 trillion. they could lose their money on cni loans rather than investment banking. what about size katz, 3% to 4% of...
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Jul 23, 2011
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-pakistan relationships are a big priority. we organize events on a monthly basis. senior pakistan officials also regularly speak here. earlier this spring, we hosted pakistan's finance minister. we bring in columnists and journalists. in addition to our regular fellowship competitions, open to all nationalities, our asia program sponsors a fellowship open to only pakistani scholars. one of our former scholars was written while he was a woodrow wilson scholar and is with us today. where are you? please stand. welcome. our asia program has undertaken an extensive review of the assistance program and will rollout recommendations of that plan. the house foreign affairs committee yesterday "fenced" funding for economic and military assistance to pakistan until the president certifies there is adequate cooperation on counter-terrorism. that is just one house committee, but that is a move that, some feel, maybe going in the wrong direction. economic assistance is crucial. president musharraf's speech comes at a timely moment. relations between our two countries are more s
-pakistan relationships are a big priority. we organize events on a monthly basis. senior pakistan officials also regularly speak here. earlier this spring, we hosted pakistan's finance minister. we bring in columnists and journalists. in addition to our regular fellowship competitions, open to all nationalities, our asia program sponsors a fellowship open to only pakistani scholars. one of our former scholars was written while he was a woodrow wilson scholar and is with us today. where are...
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Jul 3, 2011
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it is a big surprise, but we should have known a couple of months ago. you have gotten pretty good at this covert ps stuff. [laughter] vice president, colleagues, friends, and family, thank you for being here today. i would like to congratulate leon panetta on his recent confirmation. after the 2008 election, he wrote an op-ed suggesting president obama retain me as secretary of defense. when president obama announced for my recommendation as a successor, i returned the favor. this country is fortunate that a statesman of his caliber and experience has agreed to serve again and at such an important time. my parting advice for leon is to give his -- get his office just the way he likes it because he may be here longer than he thinks. i would like to thank the members of congress here today. appreciate the gracious and supportive treatment afforded to me by representatives of both parties. even when there were disagreements over policies and priorities, congress always came through for our men and women in uniform, especially for programs that protect and
it is a big surprise, but we should have known a couple of months ago. you have gotten pretty good at this covert ps stuff. [laughter] vice president, colleagues, friends, and family, thank you for being here today. i would like to congratulate leon panetta on his recent confirmation. after the 2008 election, he wrote an op-ed suggesting president obama retain me as secretary of defense. when president obama announced for my recommendation as a successor, i returned the favor. this country is...
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Jul 3, 2011
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if confirmed, the general will have big boots to fill and succeeding general petraeus commander of the 49 member international security assistance force coalition and u.s. forces aghanistan. like general petraeus, general allen brings an in-depth understanding of the complexities of the counterinsurgency effort based on his own experience as the coander in anbar province in iraq. working with the sunni awakening the marines andanbar succeeded in getting local sunni tribal leaders to reject the insurgency and instead support the iraqi government and its the deputy commander at u.s. central command general ellen has developed a regional perspective on issues affecting the region in afghanistan. he will be the first marine to serve as the top commander in afghanistan. the number one priority will be implementing president obama's decision last week to accelerate the transition of security responsibility to afghan forces and start bringing the u.s. surged forces home. as all land by the president, 10,000 u.s. troops wilbe withdrawn by the end of this year and the remaining 23,000 u.s. surg
if confirmed, the general will have big boots to fill and succeeding general petraeus commander of the 49 member international security assistance force coalition and u.s. forces aghanistan. like general petraeus, general allen brings an in-depth understanding of the complexities of the counterinsurgency effort based on his own experience as the coander in anbar province in iraq. working with the sunni awakening the marines andanbar succeeded in getting local sunni tribal leaders to reject the...
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Jul 18, 2011
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that's a big part -- we a cut, raise revenue and invest. but let's start a conversation with what world we are in. not who can throw the biggest number on the table and the most stubborn about saving something were cutting something. it is an idiotic debate we're having and unworthy of our country. this is a whole other theme in the book which we do not have time to talk about. we did not get here by accident. you did not get where you are and i did not get our i.m. on my own. yes there is a lot of people out there is as i got this and i'm going to keep the government out of my life. you got here as a product of the greatest public-private partnership in the history of the world. that's how you got here. and we call this americas at formula for success. it has five parts. we educate our people up to and beyond what ever the level of technology is starting with universal primary and then post secondary education. we invite the world immigrants in, those with low skills and those with high skills, the first round intellectual draft choices, a
that's a big part -- we a cut, raise revenue and invest. but let's start a conversation with what world we are in. not who can throw the biggest number on the table and the most stubborn about saving something were cutting something. it is an idiotic debate we're having and unworthy of our country. this is a whole other theme in the book which we do not have time to talk about. we did not get here by accident. you did not get where you are and i did not get our i.m. on my own. yes there is a...
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Jul 10, 2011
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i am a big supporter of biofuels. one thing that has become clear is that we need to accelerate our basic research in ethanol and other biofuels made from things like wood chips and algae as opposed to just focusing on corn. that is probably the least efficient energy producer of the various other approaches. it is important to examine if we're going after the cutting edge by diesel --biodiesel and ethanol approaches that allow brazil to run about 1/3 of its transportation system on biofuels. they get it from sugar cane. it is a more efficient conversion process than corn- based ethanol. doing more research in finding better ways to do the same concepts, i think that is the right way to go. >> i believe you addressed this next one. we will skip past it. james says he would cut costs by cutting welfare programs. people will not try harder when they are handed everything. >> i think we should acknowledge that some welfare programs in the past were not well-designed. in some cases, they did encourage dependency. i worked
i am a big supporter of biofuels. one thing that has become clear is that we need to accelerate our basic research in ethanol and other biofuels made from things like wood chips and algae as opposed to just focusing on corn. that is probably the least efficient energy producer of the various other approaches. it is important to examine if we're going after the cutting edge by diesel --biodiesel and ethanol approaches that allow brazil to run about 1/3 of its transportation system on biofuels....
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Jul 17, 2011
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there's a lot of work to be done at a big airports such as dallas, for instance. my understanding of the dollars and the metrics, again, if we cannot -- my understanding is that costs about $175,000 per each whole-body imaging machine. it is $20, 000 -- $20,000, $30,000 to train a dog. the whole-body imaging machines have something that the machines -- dogs do not have. they have lobbyists. we have to increase security. we have to become more secure, but we cannot give up every civil liberty. we should not be looking at every passenger naked in order to secure the airplane. the pentagon, having spent $19 billion, came to the conclusion that the single best way to find a bomb-making device or bomb- making material is the canine. we're not putting enough emphasis on expanding the use of canines. they are friendly, non infective. they are a simple way to find and fight these explosive devices. >> in terms of the dogs that you have seen, tsa supports the amtrak program. we have supported about 1/3 of the dog teams that they have. a fully equipped team with the trainer
there's a lot of work to be done at a big airports such as dallas, for instance. my understanding of the dollars and the metrics, again, if we cannot -- my understanding is that costs about $175,000 per each whole-body imaging machine. it is $20, 000 -- $20,000, $30,000 to train a dog. the whole-body imaging machines have something that the machines -- dogs do not have. they have lobbyists. we have to increase security. we have to become more secure, but we cannot give up every civil liberty....
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Jul 3, 2011
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they are obsessed with big business. they break stories on big business is being corrupt. then you have the right of center papers that are obsessed with big corporations -- i mean, with big government. there. it is cool parity i am not for the outing -- the suppression of the adding of corrupt republicans. there is a huge difference. i am totally for all of these republican screwballs to get into trouble getting fired or quit saying today that they get caught, not stretching out for three ludicrous unbelievably weeks. thank you very much, congressman weiner. thank you. i loved every second of it, congressman weiner. especially the hack part. i am the hacker. so we are fighting back. we are entering a phase where objective and neutral journalism is now laughable thing of the fast. it does not exist. i met the people that trotter pretzel themselves into being totally neutral. no one is neutral in the entire world. you have used the cudgel of false neutrality as a means to push the american narrative to the left for the last 40 years. to hell with it. i am sorry that i am be
they are obsessed with big business. they break stories on big business is being corrupt. then you have the right of center papers that are obsessed with big corporations -- i mean, with big government. there. it is cool parity i am not for the outing -- the suppression of the adding of corrupt republicans. there is a huge difference. i am totally for all of these republican screwballs to get into trouble getting fired or quit saying today that they get caught, not stretching out for three...
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Jul 16, 2011
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we were all paying in a big way. by creating an exchange that tens of millions of americans can create -- per dissipate, it means they are not showing up in the hospital. it is not only good for the health of those individuals and their families, but it is good for the pocketbooks of the rest of america. they were paying $0 to the doctor and $0 to the hospitals. now let's talk about another piece of cost shifting. if you pay doctors $0, you will shift costs. if you shift costs the way the republican plan does, you are not saving one penny for the system. you artist moving those costs on to seniors. i have the april 5th, 2011, cbo analysis of the republican budget plan. it says right here that under the proposal, most benefit care -- most medicare beneficiaries would pay more for their health care than if they participated in traditional medicare under either of cdo's long term some areas. the cbo estimated that in 2030, a typical 65 year-old would pay 65% of the benchmark compared 25% of the extended baseline scenari
we were all paying in a big way. by creating an exchange that tens of millions of americans can create -- per dissipate, it means they are not showing up in the hospital. it is not only good for the health of those individuals and their families, but it is good for the pocketbooks of the rest of america. they were paying $0 to the doctor and $0 to the hospitals. now let's talk about another piece of cost shifting. if you pay doctors $0, you will shift costs. if you shift costs the way the...
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Jul 16, 2011
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the big jobs would have been a big job creators and they were not included. i think he made a strategic mistake whenever he started talking about job creation and deficit reduction in the same sentence. people got them all jumbled up. here we are talking about deficit reduction with no talk about job creation right now. that was his strategic mistake. he should have extricated themselves. he still should. that will only spiral us down work. -- debt will only spiral us downward. all of the cuts an austerity programs. look at greece. the deeper their austerity goes, the higher their debt goes. this was supposed to be a program to get them out of debt and the recession. it is pushing them in the opposite direction. all of the talk about debt reduction at a time when we have eight jobs crisis and 14 million people out of work -- a stop crisis and 40 million people out of work for the law period ever -- you made history, shonda. he beats to talk to people and let them know that he is going to create jobs. -- he needs to talk to people and let them know he is going
the big jobs would have been a big job creators and they were not included. i think he made a strategic mistake whenever he started talking about job creation and deficit reduction in the same sentence. people got them all jumbled up. here we are talking about deficit reduction with no talk about job creation right now. that was his strategic mistake. he should have extricated themselves. he still should. that will only spiral us down work. -- debt will only spiral us downward. all of the cuts...
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Jul 4, 2011
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host: a big push from republicans on balanced-budget amendment. that issue has come back to the forefront in the gop terms. what is your reaction t that, eir current mantra? guest: i think the balanced budget amendment might be the worst idea -- would not say ever, but it is pretty terrible. putting a cap on total spending -- i think the house is saying 80% of gdp -- that would cripple government. it would require massive cuts to existing services, up to 70%, but it would -- in the ent of recession or war, it would sharply limit what the united states could actually do. i do not imagine -- quick spending for military action -- i do not imagine that happening at all. requiring the 2/3 votes for tax increases would put this in the same situation as california is right now. they are virtually not capable of dealing with their budget problems because it requires a 2/3 majoty to pass a tax measure. that has crippled the government. host: conn carroll? guest: do i have to? [laughter] i am not against the balanced budget. i think it is a way to kick the
host: a big push from republicans on balanced-budget amendment. that issue has come back to the forefront in the gop terms. what is your reaction t that, eir current mantra? guest: i think the balanced budget amendment might be the worst idea -- would not say ever, but it is pretty terrible. putting a cap on total spending -- i think the house is saying 80% of gdp -- that would cripple government. it would require massive cuts to existing services, up to 70%, but it would -- in the ent of...
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Jul 10, 2011
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what is the troop strength, the terrorist trained, how big is it? are the weapons coming through sudan or are any of them coming from china? with regards to the pirates, the doctor pointed out in his testimony and others have pointed out as well that there needs to be a land solution. i think that is obvious, but if you could touch on that. we will do all the questions -- >> deputy secretary, if i could ask this question -- when the last administration left office, there was an internal debate about whether eritrea should be designated as a state sponsor of terrorism for its support of al- sabah. it did not happen at the time, but just after she left government service, the former assistant secretary wrote a good piece in though wall street journal with these seem of eritrea should be listed as a state sponsor of terrorism. we have the u.n. reports citing their support and the case is cut and dry. the assistant secretary testified flat out that the government of eritrea continues to supply missions to extremist elements -- we are trying to put them
what is the troop strength, the terrorist trained, how big is it? are the weapons coming through sudan or are any of them coming from china? with regards to the pirates, the doctor pointed out in his testimony and others have pointed out as well that there needs to be a land solution. i think that is obvious, but if you could touch on that. we will do all the questions -- >> deputy secretary, if i could ask this question -- when the last administration left office, there was an internal...
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Jul 9, 2011
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>> there's a big future. there's a deep future. the one that want for. so that is the future where we are all able to freely communicate our hearts and dreams, share information about the world with each other and the historical record is an item that is completely sack sacrosanct. it would never be changed, never be modified, never be deleted, and that we will steer of course away from the victim of he who controls the purses present controls the past. so that is something that is my life long quest to do. and from that, justice flows because most of us have an instinct for justice and most of us are reasonably intelligent. and if we can communicate with each other, organize and not be op pressed and not know what's going on pretty much the rest falls out. in the short term, it is that my staff stop hasling me to tell me to go. >> >> i wish you all the bevs another even more beautiful mission. [applause] >> here is a look at our schedule for this afternoon. next, a discussion with legal scholars on the 2010-2011 supreme court term and what's ahead for t
>> there's a big future. there's a deep future. the one that want for. so that is the future where we are all able to freely communicate our hearts and dreams, share information about the world with each other and the historical record is an item that is completely sack sacrosanct. it would never be changed, never be modified, never be deleted, and that we will steer of course away from the victim of he who controls the purses present controls the past. so that is something that is my...
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Jul 24, 2011
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and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an infrastructure. toward that end, provisions to improve the transparency and stability of the derivatives market and strength since he th -- strengthens the parts of the infrastructure. we and other agencies are moving this work for in consultation with the corporate foreign regulators. u.s. agencies are working to address structural weaknesses in areas not as easily addressed by the at, such as taconic repo -- such as the repo market. the fed is committed to the promulgation of rules that are sensible, protect smaller community institutions, and promote the
and being too big to fail requires allowing a cfi to fail. the second part of the act empowers the fed and the fdic to reduce the affect on the system in the event of a failure to tools such as liquidation of authority and approve a resolution planning. the federal reserve is working with the fdic to thecfis prepare for resolution by adopting living wills. the joint rule is expected this summer. reducing the likelihood of a severe crisis requires strengthening the resilience of markets an...
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Jul 24, 2011
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i think there are two big differences now. difference number one is we have a real problem with the debt. so it's not just a matter of raising the debt ceiling. that's a symptom. it's we have an underlying problem. can we solve the problem. everyone agrees we have to raise the debt ceiling. the other big differs is that the house used to basically use the parliamentry tricks so they didn't have to vote. they left it to th senate. and in the senate tre was a will spirsy if you were up you vote no and if you weren't you voted. we're in unchartered waters and you see what you see. host: from the financial person's perspective is there a combination of cutting and tax revenue that needs to be addressed as far as when it comes to raising the debt? guest: i think if you look at the commission you lear an enormous amount. this is a commission the president appointed. it's a commission that was constituted with sitting members of the house and the senate. republicans and democrats. it was support bid a majority. maybe not a super maji
i think there are two big differences now. difference number one is we have a real problem with the debt. so it's not just a matter of raising the debt ceiling. that's a symptom. it's we have an underlying problem. can we solve the problem. everyone agrees we have to raise the debt ceiling. the other big differs is that the house used to basically use the parliamentry tricks so they didn't have to vote. they left it to th senate. and in the senate tre was a will spirsy if you were up you vote...